3rd Jan 2008 16:30
Afren PLC03 January 2008 Afren plc Management Appointments London, 3 January 2007 - Afren plc ("Afren" or "the Company") announces theappointment of Constantine Ogunbiyi to the Board as an executive Director andDoug Barrie as the Company's General Counsel. Constantine Ogunbiyi, who assisted in establishing Afren, has been an AssociateDirector of the Company, Special Assistant to the Chairman, General Counsel forthe group and a Director of Afren's Nigerian wholly owned subsidiary. SinceMarch 2005, Mr Ogunbiyi has contributed to Afren's growth and development, inparticular the negotiation of the Nigerian portfolio and financing facilities.Mr Ogunbiyi will continue to play an active role to grow the overall asset baseand increase the African participation in Afren's capital structure. Doug Barrie recently joined Afren as Senior Counsel after a career of more than20 years with a variety of international oil companies including OccidentalPetroleum, Kuwait Petroleum Corporation, Total and Enterprise Oil. Mostrecently he was the senior oil and gas specialist at Cameron McKenna LLP, a lawfirm with expertise in the upstream and oil field services industries. Osman Shahenshah, Chief Executive of Afren, commented: "On behalf of the board, I am pleased to welcome Constantine Ogunbiyi, who hasadded significant value in Afren's growth and development, to the board. DougBarrie's industry experience will be invaluable as the Company continues toassess both asset and strategic acquisition opportunities." Enquiries: Afren plc +44 20 7451 9700Osman Shahenshah Chief ExecutiveEvert Jan Mulder Chief Operating OfficerGalib Virani Investor Relations Jefferies International Limited +44 20 7029 8000Toby HaywardOliver Griffiths Tristone Capital Limited +44 20 7355 5800Simon Ashby-RuddMajid Shafiq Pelham Public Relations +44 20 7743 6673James HendersonAlisdair Haythornthwaite Notes to Editors: Afren Plc Afren (www.afren.com) was founded in December 2004 by a management teamincluding Dr Rilwanu Lukman, (Chairman), Osman Shahenshah, (Chief Executive) andBert Cooper (Advisor to the Board), with the vision to become the premier panAfrican independent Exploration and Production company. Afren's wholly ownedNigerian subsidiary, Afren Nigeria Resources is led by Egbert Imomoh, ExecutiveChairman and Executive Director of Afren Plc. Afren has built an executive andnon-executive management and advisory team with broad and extensive experiencein the industry, both in West Africa and internationally; in identifying andcompleting corporate expansion opportunities and in public company financing.Afren also looks to leverage key relationships across the region to gainpreferential access to opportunities. Since its listing on the AIM market of the London Stock Exchange, Afren hasrapidly expanded its portfolio and the management team has delivered a portfolioof assets in Nigeria, the Joint Development Zone of Nigeria-Sao Tome andPrincipe, Gabon, Angola, Congo Brazzaville and Ghana. Afren will continue to add to its diversified portfolio of near term developmentand high impact exploration, with the overall objective of creating substantialshareholder value. Additional information on Constantine Ogunbiyi to be disclosed in relation toSchedule Two paragraph (g) of the AIM Rules for Companies can be found below. Mr Ogunbiyi has a beneficial interest in 25,000 shares and 1,000,000 options inthe Company. Current Directorships Afren Production & Shipping Limited Afren Nigeria Holdings Limited Afren Okoro Limited Afren Energy Resources Limited Afren Onshore Limited Afren Oil and Gas Limited Afren Energy Services Limited Afren Block 90 Limited Afren Global Energy Resources Limited Afren OML 46 Resources Limited Afren Nigeria Holdings (Nigeria) Limited Afren Investments Oil & Gas (Nigeria) Limited Gabon Investment (Iris Marin) Pty Limited Gabon Investment (Themis Marin) Pty Limited Constantine Ogunbiyi Constantine Ogunbiyi has over 15 years experience in oil and gas finance andlegal structuring. Mr Ogunbiyi was previously a founder and head of Cadwalader,Wickersham & Taft LLP's Africa Practice. He also served as a strategic adviserto the New Partnership for Africa's Development (NEPAD) Business Group and theSouthern African Development Community's (SADC) Banking Association's PublicPrivate Partnership Unit. In addition, he has worked on several significantAfrican oil and gas transactions involving national oil companies, internationaloil companies and indigenous companies. Doug Barrie Mr Barrie is a senior oil & gas industry lawyer with over 20 years experience inthe sector. Mr Barrie has advised majors and independents, including OccidentalPetroleum, Kuwait Petroleum Corporation, Total and Enterprise Oil in general andin-house lead counsel roles and latterly, for five years prior to joining Afren,as the senior oil and gas specialist consultant with the energy team at CameronMcKenna LLP. As well as acting as general counsel for transactions in WestAfrica, Asia, the Gulf of Mexico and Europe, Mr Barrie has advised onprocurement for field development projects, including managing the procurementfor a major field development in the Middle East. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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